Page 11 - Aviation Industry

Climate change and Covid-19 cast shadow over jet demand outlook

At a London conference of the leasing industry, which buys around 60% of global jet output, Boeing downplayed fears of a structural contraction of business and leisure travel.

Another crisis bugs aviation industry after Covid-19: a shortage of pilots

Many airlines are aggressively trying to rehire pilots as well as cabin crew and ground staff, but that's not been a simple process and some jobs are left unfilled

SpiceJet gets shareholders' nod to transfer logistics biz to subsidiary

Besides, the shareholders have cleared the proposal to raise up to Rs 2,500 crore through the Qualified institutional placement (QIP) route.

Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger

Hong Kong's Cathay Pacific Airways Ltd said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target

Limits on airfares to remain for 15 days at any given time: Aviation Min

The lower and upper limits on airfares will remain for 15 days at any given time and the airlines will be free to charge without any limits from the 16th day onwards, the Civil Aviation Ministry said.

Asia's travel optimism boosts jet fuel demand: S&P Global Platts

"Globally, some countries with high rates of vaccination are learning to live with the coronavirus," said J Y Lim, Advisor for oil markets at S & P Global Platts Analytics.

Jet Airways to resume domestic operations in first quarter of 2022

The Jalan Kalrock Consortium, the successful resolution applicant of the carrier, announced on Monday

India's July YoY domestic air passenger traffic rises, says IATA

Accelerated vaccination drive as well as higher rate of economic activity rose India's domestic air passenger traffic in July 2021 on a year-on-year basis.

Indian aviation industry may incur losses worth Rs 26,000 cr in FY22: ICRA

Pandemic-hit Indian aviation industry is expected to report a net loss of Rs 25,000-26,000 crore while its debt level may increase to Rs 1.2 lakh crore in the ongoing fiscal year, ICRA said

IndiGo to start 8 new domestic flights in first week of September

IndiGo on Thursday said it will start eight new domestic flights during the first week of September, connecting cities including Dehradun, Indore and Lucknow. "IndiGo will operate new flights between Delhi-Lucknow, Lucknow-Jaipur, and Indore-Lucknow effective September 1, while the flights connecting Delhi and Dehradun will commence from September 5," the airline said in a statement. Sanjay Kumar, Chief Strategy and Revenue Officer, IndiGo, said these eight new flights will not only improve accessibility, but also cater to the increased travel demand from Delhi, Lucknow, Jaipur, Dehradun, and Indore.

Just 5 forms and 4 types of fees: Govt eases rules to operate drones

The Ministry of Civil Aviation has eased the rules regarding drone operations in the country by reducing the number of forms that need to be filled to operate them from 25 to 5 and the decreasing the types of fees charged from the operator from 72 to 4. The Drone Rules, 2021, were issued on Wednesday. They supersede the Unmanned Aircraft System (UAS) Rules, 2021, which had come into force on March 12 this year. The fee, according to the new rules, has been reduced to nominal levels and de-linked from the size of the drone. For example, the fee for a remote pilot license has been reduced for Rs 3,000 (for a large drone) to Rs 100 for all categories of drones and it is valid for 10 years. The rules have also abolished the requirement of various approvals, including certificate of conformance, certificate of maintenance, import clearance, acceptance of existing drones, operator permit, authorisation of R&D organisation and student remote pilot licence. Other approvals such as unique

Star Air announces its first-ever flight service between two metro cities

Passengers can now fly between Hyderabad and Bengaluru on Star Air's Embraer Jet from 26th August, 2021 and have a private jet-like experience

Top headlines: SpiceJet Q1 loss widens; exports jump nearly 50% in July

Business Standard brings you the top headlines this evening

Airline industry statistics confirm 2020 was worst year on record

A total of 1.8 billion passengers flew in 2020, a decrease of 60.2 per cent compared to the 4.5 billion who flew in 2019

Aviation heavyweights fly to US grassroots air show to fill pilot shortage

For one week, the annual summer event becomes the world's busiest airspace with well over 100 takeoffs or landings every hour.

Top headlines: IndiGo's losses mount; Ola's Aggarwal takes on Elon Musk

Business Standard brings to you the top headlines on Tuesday

American airlines cite concerns about fuel shortages at some airports

The fuel needle is moving closer to empty at some U.S. airports. American Airlines says it's running into fuel shortages at some smaller and mid-size airports, and in some cases the airline will add refueling stops or fly fuel into locations where the supply is tight. The airline said that the shortages showed up first in the West, where they could affect efforts to fight wildfires. They are now being reported in other parts of the country and will last through mid-August, according to a company memo to pilots on Monday. It asked pilots to conserve fuel by, for example, leaving one engine off while taxiing. American said fuel supplies are being squeezed at several airports, which it didn't name, mostly because of a shortage of tanker trucks or drivers. Delta Air Lines, meanwhile, said Reno, Nevada, is the most affected location. Delta said pipelines have been devoting more space to gasoline and diesel and less to jet fuel during the pandemic. Nevada politicians worry that the ...

Air India privatisation: SpiceJet's Ajay Singh has a risky flight plan

Even as the low-cost airline he runs has shrunk to survive the pandemic, many are questioning his plans to bid for national carrier Air India

Air traffic grows 47% in June as Delhi, Maharashtra ease Covid-19 curbs

Industry-wide passenger load factor rose to 62.9% in June from May's 50.5%. SpiceJet had the highest load factor of 70%.

Draft drone rules propose to make it easy to operate the aerial vehicles

The new rules, the ministry said, have been built on a premise of trust, self-certification and non-intrusive monitoring